Mark Zuckerberg almost instantly started working on his idea for ‘TheFacebook’. The road to building a startup is paved with constant learning. This is true even for Mark.The important thing was that he started on it right away without waiting to acquire all the ‘necessary’ skills before someone else would have stolen his thunder.
Anyone familiar with Economics has heard of economies of scale and how they experience increasing returns to scale – here in the field of technology we are experiencing something similar but turbocharged.
Ray Kurzweil predicts that the dominance of this trend is so overarching that we are fast approaching what he calls the ‘Singularity’ when artificial intelligence transcends organic intelligence. Looking that far, his guess may be as good as anybody’s, but he does make a compelling argument about the importance of the pace of technological change and its extension to all walks of life. From physicists jumping into doing social media analytics (ex: Nexalogy) to people out in developing nations pumping out solutions to meaningful problems (ex: Keepod competing with One Laptop Per Child), anyone with an idea now has the resources at his disposal to give birth to the idea.
What is more interesting though is what is called ‘time to market’ – which is dramatically going down as things become easier from using APIs to send texts to hardware powered by your Raspberry Pi to setting up the process of accepting credit cards online using Stripe in a few minutes. All of these things took weeks and weeks of planning and consideration before. If you are taking too long to get your startup off the ground, the market may just have changed enough so that your idea isn’t relevant anymore.
What does that mean for that billion dollar idea that you wrote down on a restaurant napkin that you’ve tucked away? Well it is time to bring it out and start building it out. Why? Because if you don’t, then someone else will most likely come up with a similar idea, put together a few engineers and have a prototype that beats you to the market.
When they give away t-shirts at hackathons (24 hour coding and prototyping marathons) saying “Fuck it, ship it” they don’t do that just to help you absorb the spirit. They also do it to emphasize the fact that if you don’t follow up on that great idea, someone else will.
The whole entrepreneurial atmosphere is lit up with bright ideas – each with as much potential as the next – the only difference between the ones that succeed and the ones that don’t is the conviction of the entrepreneur to start building not today – but NOW! Given the plethora of online tutorials to create your own websites, apps – there is very little reason to embark on a journey to first acquire the skills and then start building – these processes have now condensed into a single stream that flows together.
Thought getting marketing materials and a social presence up and running is hard ? Even that is now at your fingertips – hire one of the many teams that strive to provide you with an entire package consisting of services that can help you publish blog posts, setup your social media presence, create logos, choose color schemes and all the other 100 things that come with creating a new startup.
With Indiegogo and KickStarter being extremely popular, you can start raising capital today if that is something you feel stopping you from taking the plunge. Haven’t we then covered almost all elements that you could think of in getting at least a basic version of your idea up and running ? Almost ! We are just missing one crucial element – your entrepreneurial drive ! The inner desire to keep pushing, to stay committed when everyone says no, to work that one more hour, to make that one more sales call, to do one more rehash of the design board – all of that makes for the right ingredients to a successful startup. So go out there and get started – Carpe diem!